Money Magazine Australia

Foolish takeaway

-

And so we turn our attention to alternativ­es among the financials. The buy now, pay later sector is volatile, expensive and uncertain. I wouldn’t be surprised to see one or more of them do extremely well … or poorly. They don’t qualify as Best in Breed yet. Ditto the smaller regional and non-bank players, which are working hard but hardly setting the world on fire.

And so, while the headlines are elsewhere but the focus remains steadfast on the bottom line, our gaze returns to “the millionair­e’s factory”, Macquarie Bank, which was up 67% over that same five years, has an impeccable pedigree and a lot of smart, motivated people looking for ways to build their – and shareholde­rs’ – wealth, making it our 2021 Best in Breed.

Newspapers in English

Newspapers from Australia